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New World Development shares jump

New World Development shares jump after closing $11.2 billion refinancing deal

Shares of New World Development surged on Wednesday after the cash-strapped Hong Kong property developer closed an HK$88.2 billion ($11.2 billion) loan refinancing package earlier in the week.

The Manila Times on MSN · 4d

HK’s New World Development gets $11-B refinancing deal

HONG Kong builder New World Development said on Monday it had received commitments for a HK$88.2-billion ($11.24-billion) loan refinancing package, as the property developer finalizes a crucial lifeline in a struggling market.

The Financial Times · 4d

Hong Kong property group’s shares jump 11% after refinancing talks close

Under Adrian Cheng, a grandson of New World’s founder, the company took on projects such as a megamall and office development next to Hong Kong’s airport © Lam Yik/Bloomberg Hong Kong property group’s

Reuters on MSN · 5d

Hong Kong's New World Development gets crucial $11 billion refinancing deal

By Rishav Chatterjee (Reuters) -Hong Kong builder New World Development said on Monday it had received commitments for a HK$88.2 billion ($11.24 billion) loan refinancing package, as the property developer finalises a crucial lifeline in a struggling market.

The Jakarta Post18m

Deputy finance minister says BRICS development bank will be different from IMF

Deputy Finance Minister Thomas Djiwandono has said that the BRICS-initiated multilateral development bank will not be similar ...

14h

New San Diego musical to explore the world of karaoke bars

Lyndon Pugeda is music director for “Karaoke Dreams” and Micah Parra is the show’s choreographer. For “Karaoke Dreams” The ...

New Development Bank needs to play catalytic role in unlocking private sector capital: FM

Nirmala Sitharaman was speaking at the 10th Annual Meeting of the Board of Governors of NDB in Rio de Janeiro, Brazil.

Euro Weekly News2d

Spain leads new $1.9 billion plan to turn debt into development.

Spain is reworking debt, not issuing aid. At the UN summit, it pledged $1.9bn in IMF reserves to help poorer nations fund ...

How New DNA Science Could Help More Families of the Missing

Powerful new applications of what is known as next-generation sequencing are now helping with identification of degraded ...

World Nuclear News9d

World Bank and IAEA backing new nuclear for development

The World Bank has taken its first step since ending its ban on funding nuclear energy projects by partnering with the ...

Ayala Land Buys Philippine Hotel From Cash-Strapped New World

The sale comes on the heels of New World Development's recently concluded $11.2 billion debt refinancing deal, providing a reprieve to the cash-strapped Hong Kong-based developer.

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